The year 2022 was a record year for Ferrari as it shipped a total of 13,221 units, registering a growth of 18.5% compared with a total of 11,155 units it shipped in 2021. The company said in its report that the increased deliveries were led by the Portofino M, followed by the SF90, as well as the 296 GTB and the 812 Competizione—which were in the ramp-up phase. Deliveries of the Monza SP1 and SP2 were lower compared with the prior year and ended in Q1 2022. Deliveries of the first few units of the Daytona SP3 commenced in Q4 2022.
The above list suggests that all geographies positively contributed to the overall growth. The Mainland China, Hong Kong and Taiwan regions showed the highest growth of 73%, followed by the Americas with 21.8% growth, the APAC region with 17.1% growth, and finally, the EMEA region with 8.5% growth.
Net revenues for 2022 were €5,095 million, up 19.3% or 15.5% at constant currency. Revenues from cars and spare parts were €4,341 million (up 21.5% or 17.8% at constant currency), thanks to higher volumes and contribution from personalization, the company said in its official report.
The engine revenues were down 18% due to lower shipments to Maserati, as the 2023 contract expiration gets closer. Also, do note that the newer models such as the MC20, Grecale and the next-gen GranTurismo use Maserati’s own Nettuno engine.
Sponsorships, commercial and brand revenues reached €479 million, up 11.1% or 6.5% at constant currency mainly attributable to the better prior year Formula 1 ranking and the contribution from lifestyle activities, partially offset by lower sponsorship. And, as for the other revenues, the company said that it is from financial services, management of the Mugello racetrack and other sports-related activities.
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